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A few years ago, Dan considered selling his machine tooling business. Fortunately, he shared his plan with me before he had negotiated a deal with the buyer.
After I introduced Dan to a unique strategy, and the National Christian Foundation, Dan donated 20% of his company to a donor advised fund prior to the sale. This strategy gave Dan an immediate tax write-off for the donation and eliminated capital gain taxes on that portion of the company.
When the company sold, Dan had millions to give to charity that would have gone to taxes instead.
Proverbs 11:25 teaches, “A generous person will prosper; whoever refreshes others will be refreshed.”
If you know someone selling a business, don’t let them miss out on an opportunity to be generous and blessed.
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